Stock Market & Financial Investment News

Energy Select Sector SPDR: Pivot pointsThe following are the pivot points for XLE. Pivot High: $92.315, Pivot Low: $91.605. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Energy Select Sector SPDR: Pivot pointsThe following are the pivot points for XLE. Pivot High: $78.655, Pivot Low: $77.575. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Energy Select Sector SPDR tests resistance, levels to watchThe ETF is testing very close to its 50-day moving average at $77.88. A breakout above this downtrend resistance line proxy would be bullish, with next resistance at $78.92. Support is at $76.89. A failure to breakout would likely lead to further range-bound trading in the larger context of basing. The low of the current range is at the $74 area.

Energy Select Sector SPDR: Pivot pointsThe following are the pivot points for XLE. Pivot High: $77.120, Pivot Low: $76.160. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.

Energy Select Sector SPDR: Pivot pointsThe following are the pivot points for XLE. Pivot High: $77.650, Pivot Low: $76.620. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low.